FOR SALE
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108B Niagara Street
Armidale NSW 2350

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 1356.7m2
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Immediate Returns & Development Opportunity

108B Niagara Street presents a unique chance to secure a property that combines solid rental income with exciting future development possibilities. This spacious 4-bedroom home offers charming period features and council-approved plans for a duplex development-ready to be brought to life. Whether you're an investor seeking immediate cash flow or a developer looking for your next project, this property has it all.
The home is full of character, with pressed metal ceilings throughout and an updated kitchen featuring an electric stove and dishwasher. The formal lounge, with its high ceilings, creates a welcoming atmosphere brimming with timeless appeal. Currently earning a solid rental income of $460 per week, this property is an attractive investment opportunity from the outset.
Split across two titles, the property offers flexibility and significant future potential. The second block includes a storage shed, which could generate an additional $60 per week in rental income-perfect for investors looking to maximise cash flow.
With its blend of rental income, immediate returns, and future development prospects, 108B Niagara Street is an investment you don't want to miss. Whether you plan to hold, renovate, or develop, this property has something for everyone.
Contact Natalie Bower on 0488 721 118 to book your private inspection today.
** Please note that, for privacy reasons, the internal photos featured in this advertisement were taken in 2014 and may not accurately represent the current internal condition of the property.
*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*

Property Details for 108b Niagara St, Armidale

108b Niagara St, Armidale is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1356.7m2. The place is currently for sale with Ray White Rural Guyra/ Armidale.

Building Type
House
Land Size
1356.7m2

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About Armidale 2350

The size of Armidale is approximately 268.8 square kilometres. It has 41 parks covering nearly 2.3% of total area. The population of Armidale in 2011 was 22,467 people. By 2016 the population was 23,355 showing a population growth of 4.0% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation. In 2011, 59.9% of the homes in Armidale were owner-occupied compared with 57.7% in 2016.

Armidale has 13,574 properties. Over the last 5 years, Houses in Armidale have seen a 53.81% increase in median value, while Units have seen a 47.51% increase. As at 31 October 2024:

  • The median value for Houses in Armidale is $469,038 while the median value for Units is $314,827.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 103 properties listed for sale, and 10 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 605 properties were sold in the past 12 months in Armidale.

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Natalie Bower
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Ray White Rural Guyra/ Armidale
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